UNESCO First UN Body To Refer To Intangible Capital Concept Following HM The King's Appeal At 69th UNGA: Release
UNESCO has become the first UN body to refer in its decisions to the concept of intangible capital following HM King Mohammed VI's appeal before the 69th UN General Assembly, Morocco's permanent delegation to UNESCO said in a statement
The 195th Executive Board of UNESCO (October 15-31) adopted a draft decision submitted by Morocco which underlines that capital intangible is a fundamental component of human development.
The draft decision submitted by Morocco is related to UNESCO preparations for the Post-2015 Development Agenda.
Adopted by consensus and backed by over 40 member state of the Executive Board, the draft decision urges the member States and all stakeholders to continue supporting culture in the Post-2015 Development Agenda as a driving force of sustainable development.
In his speech at the 69th UN General Assembly, HM the King appealed for intangible capital to be one of the primary criteria for measuring wealth and rating nations.
"As clearly shown by World Bank studies, intangible capital takes into consideration a series of factors related to the living conditions of the population, such as security, stability, human resources, institutional development and the quality of life and of the environment, all of which are elements that have a major impact on crafting public policies", the Sovereign said.
MAP 02 November 2014